Statistics is the study and manipulation of data. It covers the study of the science of collection, organization, analysis, interpretation and presentation of numerical as well as categorical data which is important in economic fields. The two major areas of statistics are descriptive and inferential statistics. Statistics can be used to make better-informed business and investing decisions. Statistics are not only used in scientific disciplines such as the physical and social sciences, but also in business, humanities, government and manufacturing. In practice, statistics facilitates learning about the properties of large sets of objects or events by studying the characteristics of a smaller number of similar objects/events/ sample. Please go through the presentation for related resources.

Jayesh JR

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